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Daily Agri -Commodity Report by CapitalHeight.com – 15 December 2011

December 15, 2011 Finance news in Indore,Madhya Pradesh, India, Republic of

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RM seed ended up, hits upper circuit Soybean edges higher on fresh buying

FOR IMMEDIATE RELEASE
Indore, Madhya Pradesh, India, Republic of (Free-Press-Release.com) December 15, 2011 -- MARKET WRAP

RM seed ended up, hits upper circuit

Soybean edges higher on fresh buying

Cardamom tumbled on sluggish demand

Spices traded mixed today with Jeera ended up on short covering due to rising demand followed by Pepper regained on fresh buying due to low production estimates while Turmeric tumbled on fresh selling due to higher arrivals. Mentha oil ended marginally up with positive bias. Cardamom ended down on fresh selling due to higher arrival.

TECHNICAL VIEW
CARDAMOM (DEC) VIEW

Trend: Consolidate | Strategy: Sell on High
R1- 567, R2- 581 | S1- 553 S2- 539

CHANA (DEC) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 3225, R2- 3285| S1- 3160, S2- 3100

GUARGUM (DEC) VIEW
Trend: Bullish | Strategy: Buy on Dips
R1- 20650, R2- 21020| S1- 20260, S2- 19880

GUARSEED (DEC) VIEW
Trend: Bullish | Strategy: Buy on Dips
R1- 6350, R2-6480 | S1- 6250, S2- 6120

JEERA (DEC) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 14000, R2- 14270 | S1-13730, S2- 13460

MENTHA OIL (DEC) VIEW

Trend: Consolidate | Strategy: Sell On High
R1- 1337, R2- 1363 | S1- 1311, S2- 1285

PEPPER (DEC) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 37225, R2- 37930 | S1- 36495, S2- 35790

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